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Flex Space with Shop Area
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54040 Loren Dr, Mankato, MN 56001

Commercial building near Highway 169 with offices, restrooms, parking, and additional garage space.

Property Size2,400 SF
Price / SF$0.73
Days on Market6

Property Features for 54040 Loren Dr

General Information

Standard status Active
Size 2,400 SF

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $17,627

Building Details

Buildings 1
Building Size 2,400 SF
Construction metal pole building
Tenancy Single
Owner Occupied No
Listing Agency: Connect Real Estate Group
Listed By: Kellie Krumwiede
Source: Exprealty
Added: Aug 27 Changed: Aug 31 Last Checked: Aug 31 at 7:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Connect Real Estate Group

Investment Insights

Based on property information with market context.

This 2,400-square-foot flex property is configured for office and shop use within a metal pole building. The layout includes a 1,200-square-foot shop, three offices, two bathrooms, and an additional 16X30 garage area. Parking is available in front of the building, with limited parking at the rear. The property is located at 54040 Loren Dr in Mankato, just off Highway 169, providing a readily identifiable commercial setting. For the existing tenancy, all utilities are paid by the tenant.

Key Highlights

  • 2,400 square feet in a metal pole building
  • 1,200 square feet of shop space
  • Three offices and two bathrooms

Property Analytics

Current Use

Reichel Insulation General Contractor

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Garden Center Big Box & Wholesale Store Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby
Well-served
Demand for This Use

Demographics for 56001, MN

50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Commercial building near Highway 169 with offices, restrooms, parking, and additional garage space.
Where is this flex space located?
The property is located at 54040 Loren Dr Mankato, MN.
What are key features of this property?
This property features: 2,400 square feet in a metal pole building; 1,200 square feet of shop space; Three offices and two bathrooms
More about this property
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